This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

EnerNOC Signs Its Largest Agricultural Demand Response Contract

BOSTON, March 21, 2013 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of demand response and energy management applications for the utility enterprise and agricultural sector, today announced a new 10-year contract with PacifiCorp to deliver approximately 185 megawatts of electric reduction capability in Idaho and Utah, with the potential to expand into additional states in the future. PacifiCorp is a leading utility serving approximately 1.7 million customers in six Western states, providing electric service in Idaho and Utah as Rocky Mountain Power. This contract represents one of the largest outsourced demand response programs in North America and EnerNOC's largest single contract in the agricultural sector.

Through this EnerNOC Utility Solutions™ contract, EnerNOC will provide PacifiCorp with the ability to automatically dispatch approximately 185 megawatts of agricultural demand response capacity directly from the EnerNOC Utility Portal and to view real-time asset- and portfolio-level performance data. EnerNOC's comprehensive end-to-end demand response solution will collect real-time energy interval and irrigation pump status data across every farm in the network. This data will be continuously streamed to EnerNOC's Network Operations Center (NOC), where it will be monitored to ensure capacity availability and performance against PacifiCorp's target.

"We selected EnerNOC through a competitive bidding process. Partnering with EnerNOC to provide an irrigation control technology platform helps us realize our goal of reliably meeting our customers' energy requirements," said Carol Hunter, PacifiCorp Vice President of Energy Efficiency.

As the contract commences this summer, participating agricultural customers will access their real-time energy data through EnerNOC's DemandSMART™ cloud-based demand response application, and will be paid for their electric reduction capability. EnerNOC's software provides agricultural customers additional tools for enhanced energy control and farm operations management.

"We are proud that PacifiCorp selected EnerNOC to build one of the largest fully automated demand response resources in the world," said Tim Healy, Chairman and CEO of EnerNOC. "We have invested heavily in the development of our cloud-based energy management platform to deliver the capacity that our utility partners rely on and the tools our commercial customers prefer."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,658.99 -221.37 -1.31%
S&P 500 1,940.50 -29.57 -1.50%
NASDAQ 4,386.6150 -76.2870 -1.71%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs